WarrenJ Posted October 2, 2008 Report Share Posted October 2, 2008 Tuesday I sold my commercial REIT fund. It's treated my well and I had no real reason to sell it, but it was simply too much worry to own something with "real estate" in its title. Writing today in "The Growth Stock Wire" Jeff Clark noted that after an 800 point drop in Monday's market he hadn't received any market related phone calls or emails. His conclusion? "Monday was not the bottom for the stock market." Oh boy! There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. - Ludwig von Mises Link to comment Share on other sites More sharing options...
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